NewsCon Edison Media Relations
For Immediate Release: February 6, 2008
CON EDISON SETS NATURAL GAS THROUGHPUT RECORD IN DECEMBER AND JANUARY
NEW YORK -- The months of December 2007 and January 2008 set a record for the highest natural gas throughput in Con Edison's history. In December 2007, 31.9 million dekatherms (Dth) moved through Con Edison’s system, whether for distribution to customers, or for generation of electricity and steam. This broke the previous highest monthly throughput mark of 29.68 million Dth set in February, 2007.
In January 2008, Con Edison gas sendout also eclipsed the old record but not the one set the month before. January’s sendout was 31.45 million dekatherms, becoming the second largest monthly throughput. The high numbers represent a combination of consumer growth in natural gas usage and the increase in gas demand as a fuel for electric generation, given the relatively low cost of natural gas (compared with oil). While the weather in December was colder than normal, the overall weather during the two-month period was warmer than normal.
“The unprecedented demand for natural gas underscores the rising awareness of its important environmental benefits,” said Mary Jane McCartney, Con Edison’s senior vice president for gas operations. “Natural gas is a highly efficient form of energy, and as the cleanest fossil fuel, its use helps address environmental concerns such as greenhouse gas emissions and acid rain.”
Con Edison distributes natural gas to 1.1 million customers in Manhattan, the Bronx, Queens, and Westchester County. The company has nearly 4,300 miles of gas mains and 377,000 service pipes transporting an average of about 225 billion cubic feet of natural gas a year.
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $28 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit Con Edison’s Web site at www.coned.com.
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